InvenTrust Properties (NYSE:IVT) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of InvenTrust Properties (NYSE:IVT - Free Report) from a hold rating to a buy rating in a report issued on Thursday morning, Marketbeat.com reports. The firm currently has $34.00 target price on the stock, up from their prior target price of $33.00.

IVT has been the subject of a number of other reports. Bank of America raised InvenTrust Properties from a "neutral" rating to a "buy" rating and raised their price target for the company from $30.00 to $33.00 in a report on Thursday, October 3rd. Compass Point raised their target price on InvenTrust Properties from $28.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, September 10th.

InvenTrust Properties Price Performance

Shares of NYSE IVT traded down $0.35 during midday trading on Thursday, reaching $29.78. 423,451 shares of the company traded hands, compared to its average volume of 384,793. The stock's 50-day simple moving average is $30.40 and its 200-day simple moving average is $28.62. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.59 and a current ratio of 3.59. InvenTrust Properties has a 12 month low of $23.53 and a 12 month high of $31.65. The firm has a market cap of $2.30 billion, a PE ratio of 330.93, a PEG ratio of 3.57 and a beta of 0.97.

InvenTrust Properties (NYSE:IVT - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.44). The firm had revenue of $68.52 million during the quarter. InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. During the same quarter in the previous year, the business posted $0.41 EPS. As a group, equities analysts anticipate that InvenTrust Properties will post 1.73 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 30th will be given a $0.2263 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 3.04%. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date is Monday, December 30th. InvenTrust Properties's dividend payout ratio (DPR) is presently 1,000.00%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its holdings in InvenTrust Properties by 21.9% in the third quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company's stock valued at $116,808,000 after buying an additional 738,784 shares during the period. FMR LLC raised its position in shares of InvenTrust Properties by 22,456.4% during the 3rd quarter. FMR LLC now owns 580,602 shares of the company's stock valued at $16,472,000 after acquiring an additional 578,028 shares during the last quarter. Zimmer Partners LP acquired a new position in shares of InvenTrust Properties in the 3rd quarter valued at $14,185,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of InvenTrust Properties by 425.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 462,879 shares of the company's stock worth $13,132,000 after purchasing an additional 374,804 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of InvenTrust Properties by 1,823.0% during the third quarter. International Assets Investment Management LLC now owns 261,657 shares of the company's stock worth $7,423,000 after purchasing an additional 248,050 shares during the period. 61.70% of the stock is currently owned by institutional investors and hedge funds.

About InvenTrust Properties

InvenTrust Properties Corp. (the "Company," "IVT," or "InvenTrust") is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component.